Cheap and speedy “roll-up” networks like Arbitrum, Optimism and Coinbase’s Base are quickly becoming attractive alternatives to conducting transactions on the oft-congested Ethereum network. Transactions are completed on these “layer 2” networks and then recorded for posterity on Ethereum, writes Coindesk. But much has been made recently of these layer 2 networks’ reliance on a […]
Reddit has said it will soon shutter its long-running, blockchain-based rewards service, “Community Points,” citing scalability concerns, reports Cointelegraph. In an official 17 October announcement in the r/CryptoCurrency subreddit, a Reddit team member said that, while the platform saw “some future opportunities for Community Points, there was no path to scale it broadly across the […]
Europe is a world leader in crypto regulation. The European Union has already adopted the Markets In Crypto-Assets (MiCA) regulation, which will govern crypto in the EU’s 27 countries starting late 2024. The UK is also courting the crypto industry. For example, The Financial Services and Markets Bill is working its way through Parliament, and […]
The Bank for International Settlements (BIS) and the central banks of France, Singapore and Switzerland successfully tested out cross-border trading of wholesale central bank digital currencies (wCBDC), reports Coindesk. Project Mariana’s proof of concept used a hypothetical euro, Singapore dollar and Swiss franc wCBDCs between simulated financial institutions. The project relied on “a common token […]
Swiss bank UBS has launched a live pilot of a tokenised version of its variable capital company (VCC) fund as part of Project Guardian, an initiative led by Singapore’s central bank, reports Cointelegraph. In a press release, UBS Asset Management announced that the fund is part of a broader VCC umbrella designed to bring different […]
Metacade, the world’s first community-led gaming platform, has confirmed a collaboration with Polygon Labs, focused on driving user acquisition, testing and the adoption of 100’s of new games and customers on the Polygon protocols, reports Blockleaders.io. The move opens up the brand to a significant global audience of gamers on the biggest gaming blockchain to […]
Next week’s event for Blockchain Ireland Technical Group is a FREE online Webinar about Account Abstraction and why it will be critical to onboarding the next 1 Billion #Web3 users. Regardless of whether you are a techie or not, if you are a #Blockchain or #Web3 enthusiast, this event is for you! When: Tue, 3 Oct 2023 @ 6pm Where: Online Register here: https://lnkd.in/e3HAZgT7 The […]
Crypto exchange Kraken has received authorisation from the Central Bank of Ireland (CBI) as an E-Money Institution (EMI). Having achieved virtual asset service provider authorisation from the CBI in April, Kraken has now also been authorised as a VASP in Spain. Kraken said in its blog, “The EMI license, granted to our subsidiary in Ireland, […]
As the race for enterprise adoption in web3 accelerates, some people believe it’s not one-sided growth, but a journey where both mainstream enterprises and crypto start-ups can bring on new opportunities, reports TechCrunch. “The signals that we see right now are that the innovation is coming more from enterprises,” Gagan Mac, head of product and senior […]
The United States National Aeronautics and Space Administration (NASA) and its partners Lonestar, a computing start-up based in Florida and the Isle of Man, will send a payload to the Moon containing “data cubes” in February 2024. Reports Cointelegraph. The data secured in these cubes will be verified back on Earth using blockchain technology. If […]
Blockchain Skills forecasts 2023
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This fact sheet is based on the results of the CHAISE Project and the INATBA Education Working Group Report “Adapt and Flourish,“ which details skills that are critical to possess in the era of Web3.0 (Image: CHAISE) The Fact Sheet is compiled by the ESRI, CHAISE and the INATBA Education Working Group. It provides […]